My Dollarstore Inc, Franchise was started in 1999 to accommodate the wholesale and retail customers needs and their changing technology and the industry dominated by large corporation. The My Dollarstor headquarters is currently located in Irvine California.
If your decision to become a Franchisee to one of "My dollarstore" you will also be provided with important store information like tracking employee payroll and preparing daily cash reports, state of the art ordering system and new electronic scanning point of sale (POS) register for store operations, accurately and on time.
The dollar stores generally carry between 3,000 to 5,000 different merchandise items. In the past Rex Mehta says without a POS it is virtually impossible for stores to track individual items in their inventory. You will not believe everything sells for a single price like a $1.00, and how nice the stores are.
Franchising Tips and Facts
Although the success rate for franchise-owned business is generally better than the success rate for many independent businesses, there is no franchise formula to guarantee victory. The same may also be said of the profits generated. Often the margins you make are a reflection of your ability to properly run your franchise, however you may be able to get a document from the franchisor that illustrates the typical franchise earnings. If the franchisor does not provide such a document, you should contact a number of franchisees in the market you are interested in and seek their advice on the business' profitability.
When considering a My Dollarstore franchise, try to understand why they are offering you the business in the first place. Very often, franchising is an extremely quick low-risk method of expanding a successful business across the world. As a franchisee, you take on the majority of financial risk. In return the franchisor is offering a successful business formula that has been proven to work. But before you go ahead, ask yourself whether the support, training, stock, experience and brand name justifies the investment asked.
Franchising is a way of doing business. It is a method and marketing tool for companies to expand their market share more rapidly and less expensively. Some companies, which are thought to be franchises, are in fact not franchises. All stores are owned and operated by the company itself Some examples of businesses that are not franchises are: Starbucks, Gap, Victoria's Secret.
My Dollarstore franchises offer the franchisee a license or right to sell its goods or services and/or use its business techniques. The franchisees usually pay an initial fee to acquire this right, and thereafter pay a percentage of their gross sales to the franchisor throughout the term of their franchise contract. In return for these payments, My Dollarstore franchisees gain priveleges, including the right to sell a proven and recognized product or service, to use the franchisor's business practices, and to receive initial training and ongoing support.
Can you own another franchise at the same time? Most likely, you will be restricted from purchasing a franchise from franchisor that would be a direct competitor to a My Dollarstore franchise. However, you may be allowed to purchase a franchise of another type.
Please Note: My Dollarstore, and other franchise opportunities, business opportunities,
businesses and franchises for sale on this web site are not to be
considered as an "offering," suggestion or approval by
ActiveFranchising.com. As always, we recommends seeking the advice of a lawyer, financial consultant or
accountant before purchasing a franchise or business opportunity.
